Question about FHA financing

Ok.. First.. You cannot purchase until you hit the 2 year mark.. No exception. Although MI is for the life of the loan, you can always refinance to get it removed.. You would need to have at least 20% equity, but there is not waiting period.. As soon as you hit 20% equity, just refinance.. Also, FHA will allow you to purchase 2 years after a BK, but FHA is owner occupied only.. When you go to purchase the SFH "Shortly After".. you will need to use Conventional financing, and the guideline for financing after a BK is 4 years... you cannot purchase a property as an LLC using any type of conforming financing.. if you purchase an investment property, most lenders will allow you to change the title to an LLC after the loan has funded so long as your listed as one of the members, but it cannot close in an LLC. Your father could purchase the property, but he would have to be "Owner Occupied" if he's using FHA, otherwise, it's not allowed.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete profile, they will be able to properly advise you.. but I will caution you.... Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

You have a lot of things going on here. Please call me at 866-970-3400 x-274 so I can review all of your options with you. Joe Shamie

Hi to many questions to answer in an email call me 508 802 0935 Robert Oliveira Province Mortgage I am in Mass

Hi too many variables to answer in an email please call me i am in mass rob oliveira 508 802 0935 with Province Mortgage Assoc

PLease call me to help 855 411 Lend Peter Savino

You must put down 20-25% for multi-family properties to qualify for conventional financing. You cannot purchase in the name of an LLC and your dad wouldn't be able to purchase unless he was using the property as his primary residence. I'm based in RI and do quite a bit of business in MA. Please call or email if I can be of further assistance at gdevine@atlantichomeloans.com or 401 301 0130

Way too many questions to give an accurate answer. Call a Pro to discuss.

As all have mentioned, yours is an intesive question that will lead to more quesitons. Call a lender411 loan Officer about your situation. Good Luck.

ALL LLC's would now require Commercial Financing.

Congratulations on your investing career. You may have only one FHA owner-occupied loan, on a 1 to 4 unit property. Additional investment properties should be acquired with creative finance techniques. Call me at 503-620-2239.

To many questions to answer in this forum. Contact a local loan officer and have a conversation.

Lots to cover....call one of the local lenders to review all

Private Money / Commercial Money LendingWaikoloa, Hawaii 96738Office Phone: 808-883-2747E-mail: J@KalaLending.comBusiness Description: We offer multiple types of funding starting at $100,000 and up, no maximum: * Commercial Real Estate Loans * Bridge Loans * Multi-Family * Office Buildings * Industrial * *Hotel / Motel Financing * Medical * Assisted/Independent Living * Warehouses * Franchises * Convenience Stores *Restaurants * Project Finance * New Construction * Equipment Leasing * Stock Loans * Portfolio Liquidations * Private Equity * Joint Ventures *Working Capital * Project Finance *Oil and Gas Financing *Renewable Energy Financing * Gold Mines *Churches*Credit Lines *Proof of Funds *Bank Instruments * Bulk REO's * NPN's/PN's